According to Re/Code, NBC will be shutting down DailyCandy and Television Without Pity (TWoP). The shutdown is expected to happen next week. DailyCandy is a local recommendations service that was acquired by Comcast for $125 million in 2008. Bravo acquired the TWoP TV review website in 2007. NBC attempted to sell both properties, but that did not work out. The shutdown will affect around 64 employees at DailyCandy and 3 employees at TWoP.
Twitter has been used as a platform to discuss TV shows and soon people will be able use the micro-blogging service to watch shows also. NBCUniversal and Comcast announced that they entered a partnership with Twitter. Millions of Xfinity TV customers will be able to watch TV shows and movies through a new feature called See It.
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NBC has acquired a startup company called Stringwire. This acquisition is known as an acqui-hire, which is when an acquisition takes place more because of the employees and technology rather than the brand itself. Stringwire makes it possible to share video shot from a smartphone in real-time.
According to a 10-K filing that Comcast filed with the Securities and Exchange Commission, we have learned that NBCUniversal spent $195 million to buy back 50% of MSNBC.com from Microsoft. The $195 million was covered with $100 million in cash and cash equivalents held at MSNBC.com that were acquired in the transaction. The deal was signed this past July and NBCU redirected visitors from MSNBC.com to NBCNews.com. NBCU also brought in the employees from MSNBC.com under their wing. The purchase price valued MSNBC.com at about $500 million.
Comcast announced this week that they will be buying the remaining stake in NBCUniversal for $16.7 billion. Comcast also released their Q4 earnings and they have announced a 20% increase in its dividend along with a $2 billion stock repurchase plan.
Apple CEO Tim Cook has confirmed that one of the Mac line productions of computers will be moving to the United States in 2013 according to Bloomberg. Cook will be confirming the news on an interview with NBC that will air tonight. Tim Cook said: